Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation
David is back from his well-deserved vacation and ready to discuss with Blake Sage’s sudden move to oust Stephen Kelly as chief executive. Chairman Donald Brydon reportedly said, “We need to get a CEO that has SaaS in their veins.” Kelly joined Sage four years ago with a mandate to shake up the company, but despite the acquisition of Intacct, he has apparently been unable to turn things around quick enough for the board. Sage is facing increased competition from Xero on its home turf in the U.K and has been unable to gain market share against juggernaut Intuit in the U.S.
Stories in this episode:
- Stephen Kelly ousted as Sage CEO after dismal results and faltering transformation — Diginomica
- Why Technology Won't Hurt Client Relationships — AccountingWeb
- Kevin Garnett Sues Accountant Over $77 Million Lost To Wealth Manager — CBS Boston
- Xero expands machine learning features for small businesses — ZDNet
- The Top 100 Most Influential People in Accounting — Accounting Today
- How Blockchain Is Disrupting Enterprise Finance And Accounting Departments — CMSWire
- The Accountant Unemployment Rate Remains Low in Q2 — Robert Half
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